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Side-by-side financial comparison of Unusual Machines, Inc. (UMAC) and Xos, Inc. (XOS). Click either name above to swap in a different company.

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $4.9M, roughly 1.1× Unusual Machines, Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -215.7%, a 28.9% gap on every dollar of revenue. On growth, Unusual Machines, Inc. posted the faster year-over-year revenue change (144.4% vs -54.5%). Over the past eight quarters, Unusual Machines, Inc.'s revenue compounded faster (181.3% CAGR vs -35.7%).

Thinking Machines Lab Inc. is an American artificial intelligence (AI) startup founded by Mira Murati, the former chief technology officer of OpenAI. The company was founded in February 2025, and by July had completed an early-stage funding round led by Andreessen Horowitz, raising $2 billion at a valuation of $12 billion overall from investors such as Nvidia, AMD, Cisco, and Jane Street. The company is based in San Francisco and structured as a public benefit corporation.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

UMAC vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.1× larger
XOS
$5.2M
$4.9M
UMAC
Growing faster (revenue YoY)
UMAC
UMAC
+198.9% gap
UMAC
144.4%
-54.5%
XOS
Higher net margin
XOS
XOS
28.9% more per $
XOS
-186.8%
-215.7%
UMAC
Faster 2-yr revenue CAGR
UMAC
UMAC
Annualised
UMAC
181.3%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UMAC
UMAC
XOS
XOS
Revenue
$4.9M
$5.2M
Net Profit
$-10.6M
$-9.8M
Gross Margin
36.2%
-50.5%
Operating Margin
-198.7%
-186.6%
Net Margin
-215.7%
-186.8%
Revenue YoY
144.4%
-54.5%
Net Profit YoY
61.0%
48.6%
EPS (diluted)
$-0.26
$-0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
UMAC
UMAC
XOS
XOS
Q4 25
$4.9M
$5.2M
Q3 25
$2.1M
$16.5M
Q2 25
$2.1M
$18.4M
Q1 25
$2.0M
$5.9M
Q4 24
$2.0M
$11.5M
Q3 24
$1.5M
$15.8M
Q2 24
$1.4M
$15.5M
Q1 24
$618.9K
$12.6M
Net Profit
UMAC
UMAC
XOS
XOS
Q4 25
$-10.6M
$-9.8M
Q3 25
$1.6M
$2.1M
Q2 25
$-7.0M
$-7.5M
Q1 25
$-3.3M
$-10.2M
Q4 24
$-27.1M
$-19.0M
Q3 24
$-2.1M
$-10.5M
Q2 24
$-1.6M
$-9.7M
Q1 24
$-1.1M
$-11.0M
Gross Margin
UMAC
UMAC
XOS
XOS
Q4 25
36.2%
-50.5%
Q3 25
39.4%
15.3%
Q2 25
37.4%
8.8%
Q1 25
24.3%
20.6%
Q4 24
27.7%
-32.4%
Q3 24
26.1%
18.1%
Q2 24
27.5%
13.1%
Q1 24
33.0%
22.1%
Operating Margin
UMAC
UMAC
XOS
XOS
Q4 25
-198.7%
-186.6%
Q3 25
-232.4%
-42.4%
Q2 25
-338.5%
-38.5%
Q1 25
-160.0%
-157.7%
Q4 24
-642.3%
-127.0%
Q3 24
-95.4%
-61.4%
Q2 24
-111.4%
-73.2%
Q1 24
-175.5%
-81.1%
Net Margin
UMAC
UMAC
XOS
XOS
Q4 25
-215.7%
-186.8%
Q3 25
75.1%
12.9%
Q2 25
-327.9%
-40.8%
Q1 25
-159.9%
-173.3%
Q4 24
-1353.2%
-165.4%
Q3 24
-140.0%
-66.6%
Q2 24
-114.3%
-62.2%
Q1 24
-178.7%
-87.1%
EPS (diluted)
UMAC
UMAC
XOS
XOS
Q4 25
$-0.26
$-0.76
Q3 25
$0.05
$0.22
Q2 25
$-0.32
$-0.91
Q1 25
$-0.21
$-1.26
Q4 24
$-3.20
$-2.34
Q3 24
$-0.30
$-1.32
Q2 24
$-0.16
$-1.23
Q1 24
$-0.18
$-1.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
UMAC
UMAC
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$142.5M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.9M
$23.3M
Total Assets
$182.7M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UMAC
UMAC
XOS
XOS
Q4 25
$142.5M
$14.0M
Q3 25
$81.1M
$14.1M
Q2 25
$38.9M
$8.8M
Q1 25
$5.0M
$4.8M
Q4 24
$3.8M
$11.0M
Q3 24
$1.7M
$8.4M
Q2 24
$2.2M
$19.7M
Q1 24
$3.2M
$46.2M
Stockholders' Equity
UMAC
UMAC
XOS
XOS
Q4 25
$174.9M
$23.3M
Q3 25
$106.0M
$31.1M
Q2 25
$51.3M
$18.3M
Q1 25
$15.9M
$24.8M
Q4 24
$14.8M
$33.6M
Q3 24
$19.2M
$50.8M
Q2 24
$20.0M
$59.2M
Q1 24
$21.2M
$67.8M
Total Assets
UMAC
UMAC
XOS
XOS
Q4 25
$182.7M
$60.4M
Q3 25
$113.1M
$73.8M
Q2 25
$52.4M
$80.3M
Q1 25
$17.3M
$87.7M
Q4 24
$16.1M
$98.3M
Q3 24
$24.5M
$120.5M
Q2 24
$25.2M
$123.4M
Q1 24
$24.2M
$135.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
UMAC
UMAC
XOS
XOS
Operating Cash FlowLast quarter
$-9.8M
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UMAC
UMAC
XOS
XOS
Q4 25
$-9.8M
$2.4M
Q3 25
$-7.5M
$3.1M
Q2 25
$-2.7M
$4.6M
Q1 25
$-1.2M
$-4.8M
Q4 24
$-1.3M
$3.3M
Q3 24
$-536.7K
$-11.5M
Q2 24
$-986.2K
$-26.0M
Q1 24
$-1.2M
$-14.6M
Free Cash Flow
UMAC
UMAC
XOS
XOS
Q4 25
Q3 25
$-8.8M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
UMAC
UMAC
XOS
XOS
Q4 25
Q3 25
-413.2%
Q2 25
Q1 25
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
UMAC
UMAC
XOS
XOS
Q4 25
0.0%
Q3 25
60.3%
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
UMAC
UMAC
XOS
XOS
Q4 25
Q3 25
-4.70×
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

UMAC
UMAC

Retail Revenue$4.5M92%
Other$412.7K8%

XOS
XOS

Segment breakdown not available.

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